Dealing with tens of thousands of drawings and documents is a daunting task for most companies, which results in the inability to effectively audit information deliverables from EPCs. This problem leads companies to discover missing, inconsistent, and inaccurate information during operations—often when it’s too late.
The National Institute of Standards and Technology (NIST), FIATECH, Construction Industry Institute, and other leading organizations estimate companies lose between 2%-4% of total capital spend dealing with inefficient information handover. The hidden costs include manual extraction, key-in, and reentry from EPC deliverables to populate operational systems, validating information, sourcing and finding information not provided by EPC’s as part of handover, and commissioning and start-up delays resulting in facility downtime or reduced production for weeks to months.
ReVisionz offers a better way to help process industry companies simplify information handover and achieve operational readiness with reliable processes, stable technology, and organizational awareness.